According to the figures released by the Turkish Statistical Institute (TUIK), in July this year Turkish producers' foreign sales price index (PPI)* in general decreased by 1.28 percent from June and was up 8.42 percent year on year, while an average rise of 5.07 percent was registered for the latest 12 months.
In July this year, the foreign sales prices of producers in the Turkish domestic basic metal industry decreased by 1.92 percent on month-on-month basis and were up 14.8 percent compared to July 2014. Meanwhile, the average increase in prices in the latest 12 months was 14.34 percent.
On the other hand, in July of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, fell by a slight margin of 0.07 percent compared to June and were up 13.77 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 9.23 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.